Arch Financial Products is being sued for £150m by the board of 18 Guernsey-listed investment vehicles for failing to exercise fundamental care of assets and to account for "substantial secret profits", according to reports.

The Prime Minister David Cameron has rejected calls from an MP for an independent inquiry into the Arch cru investment funds scandal.

The Treasury Select Committee (TSC) today highlights the FSA's swift dismissal last year of a proposal to delay the introduction of RDR as evidence of accountability and culture failings at the regulator, and said the same problems must not "plague" its...

The Financial Services Compensation Scheme (FSCS) has begun the process of compensating MF Global customers, with private customers with individual accounts the first to receive application forms.

Advisers should expect a sharp focus on their investment propositions when the Financial Services Authority (FSA) begins its review of small firms later this year, according to Simplybiz managing director Matthew Timmins.

The Financial Services Authority (FSA) has warned investors against dealing with a clone of asset manager GAM.

Almost a third of discretionary fund managers (DFM) cannot deal with direct investments into structured products, according to an analysis of the market.

The Tax Incentivised Savings Association (TISA) has welcomed Treasury proposals whih will give investors affected by the failure of financial firms the opportunity to use compensation payouts to top up their ISAs beyond the current subscription limits....

The Financial Services Authority (FSA) is to conduct a review into the sale of unregulated collective investment schemes (UCIS) early next year.

The FSA has fined HSBC £10.5m for inappropriate investment advice provided by one of its subsidiaries, NHFA Limited (NHFA), to elderly customers.